ORS 238A.245
Reemployment after commencement of pension benefits
(1)
Except as provided in ORS 237.650 (Options for legislators who are members of Public Employees Retirement System) and 238A.250 (Option of legislators to receive certain benefits), the Public Employees Retirement Board shall cease making pension payments to a retired member of the pension program who is reemployed by a participating public employer in a qualifying position. A retired member of the pension program who is employed in a qualifying position becomes an active member of the pension program without serving the probationary period provided for in ORS 238A.100 (Establishing membership under pension program).(2)
If a retired member of the pension program is reemployed under the provisions of this section, any option chosen by the member under ORS 238A.190 (Survivorship benefits) is canceled, and upon retiring thereafter the member may elect any option provided for in ORS 238A.180 (Normal retirement benefit) and 238A.190 (Survivorship benefits). The board shall recalculate the pension of the member upon subsequent retirement. [2003 c.733 §26; 2011 c.722 §4; 2013 s.s. c.3 §12](2)
A public employer that employs a retired member during calendar year 2020, 2021, 2022, 2023 or 2024 shall contribute to the board the percentage of the member’s wages that would have been contributed to the board under ORS 238A.220 (Employer contributions) if the member were an active member of the Public Employees Retirement System. Employer contributions made under this section are in addition to employer contributions made under ORS 238A.220 (Employer contributions). The board shall apply contributions made by a public employer under this subsection against the liabilities of the public employer. The board shall adopt rules governing payments made under this subsection.(3)
This section does not apply to any member who retires under the provisions of ORS 238A.185 (Early retirement), unless the person is absent from employment with all participating public employers for at least six months before the date the person is employed under this section.(4)
Employment under this section does not affect the status of a person as a retired member of the pension program and a recipient of retirement benefits under this chapter. [2019 c.355 §37; 2021 c.135 §3]
Source:
Section 238A.245 — Reemployment after commencement of pension benefits, https://www.oregonlegislature.gov/bills_laws/ors/ors238A.html.
Up to date